JAG
Top 20
Dont forget we are business partners with regards to the AVZ Brewery
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Samus
Top 20
Cheers Frank, this adds a bit more clarity to the over hyped nonsense on HC.President Tshisekedi meets with CMOC CEO
On 23 December 2021 local time, His Excellency the President of the Democratic Republic of Congo (“DRC”), Félix Antoine Tshisekedi Tshilombo, met with Mr. Sun Ruiwen, CEO of CMOC, at the Palais de la Nation.
Mr. Sun reported to the President on CMOC’s activities in the DRC, including its contributions in recent years in tax payments, job creation, and community development, as well as its future investment plan in the DRC.
President Tshisekedi highly recognized and appreciated the long-standing contributions by CMOC to the public treasury and community development.
The President welcomed and encouraged CMOC to further increase its investment in the country.
He confirmed that the state is committed to creating a favorable and stable business environment for companies to achieve win-win cooperation.
President Tshisekedi indicated that the expansion at TFM and development of KFM are the key projects of national interest in the DRC.
The State is looking forward to acceleration of the development of these two projects by CMOC, so as to create more local jobs and contribute more to the economic growth of the country.
President Tshisekedi also exchanged views with CEO Sun Ruiwen on the development of the cobalt value chain.
The President expresses his expectations on CMOC and its partners to strengthen cooperation with the DRC in developing and popularizing the application of cobalt as well as in the new energy sector, in this way integrating the corporate growth strategy with the national strategy and contributing to global energy transition.
View attachment 903
President Tshisekedi meets with CMOC CEO - News Releases - CMOC Group Limited
On 23 December 2021 local time, His Excellency the President of the Democratic Republic of Congo (DRC), Félix Antoine Tshisekedi Tshilomen.cmoc.com
CMOC enters into strategic partnership with CATL to jointly develop KFM in the DRC
(Shanghai) 11 April 2021, China Molybdenum Co., Ltd.
("CMOC") announced its strategic partnership in the area of new energy metals with Contemporary Amperex Technology Co., Ltd. ("CATL").
As part of the deal, CATL will make an equity investment in CMOC Kisanfu project through its subsidiary and join CMOC in developing this world-class copper and cobalt mine in the DRC.
CMOC Limited, a wholly owned subsidiary of CMOC, entered into a Strategic Partnership Agreement with Ningbo Brunp CATL New Energy Co., Ltd. ("Brunp"), an indirect subsidiary of CATL.
Brunp acquired 25% stake through its wholly owned subsidiary in KFM Holding Limited ("KFM Holding"), a wholly owned subsidiary of CMOC Limited, for a consideration of USD137.5 million.
Upon completion of the transaction, CMOC Limited and Brunp will respectively have 75% and 25% ownership in KFM Holding, which holds 95% stake in the Kisanfu copper and cobalt mine ("KFM project") in the DRC.
On 13 December 2020, CMOC acquired from Freeport 95% stake in the Kisanfu project, one of the world's largest, highest-grade undeveloped cobalt and copper deposit.
Kisanfu, with 365 million tons of ore resources which translate into over 6.2 million tons of copper metal and 3.1 million tons of cobalt metal, adds another world-class long life asset to CMOC's portfolio.
According to the Strategic Partnership Agreement, CMOC and CATL will fund the project capex in proportion to their ownership in KFM to jointly build a world-class copper and cobalt producer.
Offtake arrangement of future copper and cobalt products between the two parties will also be proportionate to their respective ownership.
The two parties also established a broad strategic partnership in the field of new energy mineral resources, targeting at comprehensive and in-depth cooperation in nickel resources development and smelting and processing in Indonesia and other countries, as well as global acquisition, investment, and development of lithium resources.
Contribution to development of KFM
KFM is one of the world's largest, highest-grade undeveloped cobalt and copper deposit. The participation of a strong partner will contribute to developing KFM in even more responsible and sustainable manner.
A win-win cooperation delivering mutual benefits
Through this partnership, CMOC becomes a long-term cobalt supplier to the world's largest power battery manufacturer and forges compelling long-term synergies with a world-class customer of battery raw materials.
In turn, CATL has secured a long-term reliable, clean, and responsible source of cobalt raw material.
Continuous contribution to global energy transformation
The development of KFM copper and cobalt project will further enhance CMOC’s leading position as a premier supplier of battery metals and EV raw materials.
CMOC is committed to the growth of global EV industry, supplying long-term stable, reliable, and clean raw materials to secure the sustainable growth of the industry.
"The lithium-ion battery industry has embraced the TWh era.
Stable raw materials supply with full compliance is a critical step towards high-quality delivery.
CATL has long been committed to responsible cobalt supply chain.
CMOC advocates international ESG standards and is a leader supplying raw materials for battery metals and electric vehicles.
This partnership will allow both parties to leverage our respective advantages in new energy metals resources such as lithium, cobalt, nickel, and copper, and contribute to the development of the new energy vehicle industry as well as the realization of carbon emissions peak and carbon neutrality. " said Mr. Zeng Yuqun, Chairman of CATL.
"Endorsed by CMOC’s high sustainability standards and great ESG reputation, our products are highly recognized by downstream manufacturers of precursors, cathode materials and battery, as well as automakers.
CATL as a global leading power battery maker plays an important role in the global new energy industry value chain.
We are very pleased to form this strategic partnership.
With both parties’ significant presence in key resources, we will expand our cooperation in greater depth and breadth," said Mr. Sun Ruiwen, CEO of CMOC.
President Tshisekedi meets with CMOC CEO - News Releases - CMOC Group Limited
On 23 December 2021 local time, His Excellency the President of the Democratic Republic of Congo (DRC), Félix Antoine Tshisekedi Tshilomen.cmoc.com
Hopefully Nigel up next
... Hopefully!
hi Nut,Howdy folks.....guess who
Anyone bargain hunting today?
Some support in the very low 80's on a broadly red market day
Very pleased to see me old mate Jag here.....only about 19c away from wearing the party hat my friend!
Cheers
Nut
I presently have an order in at 0.805, I believe it's a bargain right up until the moment that it gets pipped at a lower price, ps the order 'just got hit' so I'll let you decide at the end of the day whether it was a bargain or not. like many here I have sacks of (long term) AVZ share's just like Candy & Bamby (see above) who were banned
previously on hc for telling everyone how much they loved 
AVZ stock and could never get enough, I guess I'm similar in that thought.This purchase is a no-brainer and to be perfectly frank (excuse the pun) it's a trading parcel for when we next hit a buck, I gotta make rent somehow. Anyway, it's my view that once the monster of Manano hits its straps meaning ML drops, we will likely have way fewer negative gyrations in our SP as we are experiencing on days like today.
Just a matter of time in my view before everyone takes the monster of Manano seriously.
rgds aon
ps good luck to all here and I hope this new forum is a great success.
Last edited:
LEFOOL
Regular
Hey Hey Hey Frank mate welcome! CHIN CHINDitto, Thanks mate
So why am i here you may ask
Well, This kick in the Nuts for starters
Please consider this a warning.
HC Admin Team
Plus the fact I've always hated the New Platform ( Even though i still used the Old one on my / this old Desktop Computer tbo )
But mainly because of what happened to my / our old mate JAG and the circumstances around it
So i've decided to take a stand, give HC the Flick for as long as i can, use other methods to keep in touch
See how this New "Home away from Home" goes, as i'm not a Big Fan of Twitter, Not interested in Face Time or Whats Up either tbo
I'd really like everyone on HC to Stop Posting for an Hour or 4 as a way to get their attention / change their tune / lift their game tbo
Anyway, Let's see how it pans out here for a while, see if it's infiltrated by Trolls and if it takes off like an AVZ Lithium powered Rocket
Crap, look at the time, gotta go catch up with the Count about some AVZ Ale before Bed
Bottoms Up
Cheers
Frank
View attachment 864
View attachment 863
Frank
Top 20
cruiser51
Top 20
Interesting reading re China's ability to operate in Africa.
finance-yahoo-com.cdn.ampproject.org
The China lithium question: a clash of the West's corporate and strategic interests
The deal went through swiftly - and almost immediately prompted calls for a national security review. Just three months after Chinese-state-owned Zijin Mining Group announced its US$960 million plans to buy Canadian miner Neo Lithium, the proposal was signed, screened and delivered. At a...
Frank
Top 20
KIA EV6 GT 430 kW (575 HP) for ~AUD$100,000, bit of a change from the old sportage.
www.marketwatch.com/story/doubling-of-ev-commercials-during-super-bowl-led-to-huge-jump-in-searches-for-this-particular-suv-hint-even-electric-puppies-sell-11644868811?mod=home-page
Samus
Top 20
Fair enough Frank, feeling a bit the same and hoping this site turns out better. Just some things I can't let it go.Exactly mate, the guy never seems to learn when to keep quiet.
Whoever is on the ground there doesn't seem to be passing on reliable information and hasn't for years.
People can defend management all they like but their communication to the market needs a bit of work and the cap raising efforts have been pretty poor.
Sure we seem to be getting there but we're in a disappointing position as compared to what they've said in regards to the mining licence, collaboration agreement and a lot of things previously.
To say otherwise is rubbish. No need to worship the ground they walk on despite it all, hopefully they'll get us there in the end but it's been pretty testing at times.
*As i refuse to use / reply on that other Crap site atm, I thought why not here instead Sam
One thing that gets up my nose from those running ASX Companies is the constant "Carrot Dangling"
Been there, done that, seen / experienced too much of it in the past, gives me the Shits tbo
Now all i see from Nigel is more of the same it seems
It can't be far away, but Fark me, you'd think it Would'a - Coulda' - Shoulda' by now according to the Chief Carrot Dangler
Anyway, check out the similarities between this Gecamines / Ivanhoe Mine Deal in the DRC and AVZ / Manono history
BTW, the Video is well worth a look and inspiring to watch as well, as it shows what's possible in the DRC with great management imo
Ivanhoe Mines and Gecamines Sign New Agreement to Return the Ultra-High-Grade Kipushi Mine in the DRC to Production
Ivanhoe Mines Executive Co-Chair Robert Friedland and President Marna Cloete, together with Alphonse Kaputo Kalubi (Chairman) and Bester-Hilaire Ntambwe Ngoy Kabongo (CEO) of Gécamines, DRC’s state-owned mining company, are pleased to announce that Kipushi Holding, an Ivanhoe Mines wholly-owned subsidiary, and Gécamines have signed a new agreement to return the ultra-high-grade Kipushi Mine back to commercial production.
Kipushi will be the world’s highest-grade major zinc mine, with average grade of 36.4% zinc over the first five years of production.
Watch a new video showcasing Kipushi’s planned transformation into the world’s highest-grade major zinc mine: https://vimeo.com/676846621/282541f745
The new agreement sets out the commercial terms that will form the basis of a new Kipushi joint-venture agreement establishing a robust framework for the mutually beneficial operation of the Kipushi Mine for years to come, and is subject to execution of definitive documentation.
Alphonse Kaputo Kalubi commented: “We recently have witnessed Ivanhoe’s outstanding achievements in transforming the Kamoa-Kakula joint venture into a state-of-the-art copper producer applying the highest standards, now a benchmark on the Congolese Copperbelt. Ivanhoe and Gécamines also have now redefined the Kipushi Project in an equitable manner, aligned with the expectations of the Mining Code and those of Gécamines’ sole shareholder, the Congolese State.
“We are convinced that Kipushi’s new partnership around the Big Zinc will be a benchmark for a successful combination of expertise, resources, a unique asset and a shared desire to create value for stakeholders, the State, shareholders and neighbouring communities.
Kipushi, like Kamoa-Kakula, brings new standards, employment opportunities, better health and education infrastructure, and the conditions for the emergence of a dynamic socio-economic fabric around Kipushi. Gécamines, which has operated this mine for a long time, aims, by consolidating its partnership with Ivanhoe, to optimize its contribution to the DRC’s mining sector.”
Bester-Hilaire Ntambwe Ngoy Kabongo added: “We are excited to move our longstanding partnership with Ivanhoe Mines into a new phase that will deliver significant long-term benefits to all parties.
Ivanhoe Mines has been a key partner in the Kipushi Project for over a decade and we appreciate their continued commitment to the project.
We are confident in Ivanhoe Mines’ technical and financial capabilities to operate the Big Zinc and trust that we can jointly develop the project in a sustainable, responsible and value adding manner for its stakeholders, such as neighbouring communities.
Gécamines sees in it the opportunity for an improved exploitation of the Big Zinc, the development of an integrated economic fabric and the imbedding of skills in the Haut-Katanga province.”
“The new agreement with Gécamines is a testament to the great perseverance, ingenuity and patience of Ivanhoe’s team, working alongside our partners in the Democratic Republic of Congo,” Mr. Friedland said. “On behalf of Ivanhoe Mines’ Board, I would like to thank our team, led by our President Marna Cloete, who have helped us arrive at this historic day.
“The outstanding performance by the Kamoa Copper team in delivering the first phases of the Kamoa-Kakula Mine, ahead of schedule and on budget, undoubtedly helped expedite the new agreement, as it showcases our strong development capabilities and industry-leading community initiatives to our partner Gécamines and the Congolese government.
“The new agreement now allows us to responsibly, efficiently and expeditiously develop Kipushi into an ultra-high-grade zinc producer, with outstanding potential to find more zinc, copper, germanium and silver resources – paving the way to fulfilling its promise of significant, long-lasting, economic and social benefits for the Congolese people.
The Kipushi copper-zinc-germanium-silver mine in the DRC Copperbelt is adjacent to the town of Kipushi and approximately 30 kilometres southwest of Lubumbashi. It is located less than one kilometre from the Zambian border.
Kipushi has a long and storied history as a major producer of copper and zinc. Built and then operated by Union Minière for 42 years, Kipushi began mining a reported 18% copper deposit from a surface open pit in 1924. It was the world’s richest copper mine at the time.
The Kipushi Mine then transitioned to become Africa’s richest underground copper, zinc and germanium mine. State-owned Gécamines gained control of Kipushi in 1967 and operated the mine until 1993, when it was placed on care and maintenance due to a combination of economic and political factors.
Over a span of 69 years, Kipushi produced a total of 6.6 million tonnes of zinc and 4.0 million tonnes of copper from 60 million tonnes of ore grading 11% zinc and approximately 7% copper. It also produced 278 tonnes of germanium and 12,673 tonnes of lead between 1956 and 1978.
There is no formal record of the production of precious metals as the concentrate was shipped to Belgium and the recovery of precious metals remained undisclosed during the colonial era; however, drilling by Ivanhoe Mines has encountered significant silver values within Kipushi’s current zinc- and copper-rich deposits.
Germanium is a strategic metal used today in electronic devices, flat-panel display screens, light-emitting diodes, night vision devices, optical fiber, optical lens systems, and solar power arrays.
Most of Kipushi’s historical production was from the Fault Zone, a steeply-dipping ore body rich in copper and zinc that initially was mined as an open pit. The Fault Zone extends to a depth of at least 1,800 metres below surface, along the intersection of a fault in carbonaceous dolomites (see Figure 3).
Before Kipushi was idled, Gécamines discovered the Big Zinc deposit at a depth of approximately 1,250 metres below surface and adjacent to the producing Fault Zone (see Figure 3). The Big Zinc Deposit has not been mined and is the initial target for production as outlined in the new feasibility study.
Since acquiring its interest in the Kipushi Mine in 2011, Ivanhoe’s drilling campaigns have upgraded and expanded the mine’s zinc-rich Measured and Indicated Mineral Resources to an estimated 11.78 million tonnes grading 35.34% zinc, 0.80% copper, 23 grams/tonne (g/t) silver and 64 g/t germanium, at a 7% zinc cut-off, containing 9.2 billion pounds of zinc, 8.7 million ounces of silver and 24.4 million ounces of germanium (see Table 1).
In addition, Ivanhoe’s drilling expanded Kipushi’s copper-rich Measured and Indicated Mineral Resources to an additional 2.29 million tonnes at grades of 4.03% copper, 2.85% zinc, 21 g/t silver and 19 g/t germanium, at a 1.5% copper cut-off – containing 144 million pounds of copper (see Table 1).
In 1924, Kipushi began mining 18% copper from a surface open pit, before transitioning to Africa’s richest underground copper and zinc mine. This picture shows the Kipushi open pit in November 1928.
View attachment 1038
Picture of the headframes for Kipushi shafts 1, 2 and 3, and the Kipushi concentrator in February 1966.
View attachment 1037
Copperbelt Katanga Mining - African Copperbelt's Top Mining News
African Copperbelt's Top Mining Newscopperbeltkatangamining.com
February 14, 2022
"One thing that gets up my nose from those running ASX Companies is the constant "Carrot Dangling"
Been there, done that, seen / experienced too much of it in the past, gives me the Shits tbo
Now all i see from Nigel is more of the same it seems
It can't be far away, but Fark me, you'd think it Would'a - Coulda' - Shoulda' by now according to the Chief Carrot Dangler
"I'm a relatively new asx investor tbh but over the past couple of years I haven't encountered this problem other than with AVZ out of the dozen or so stocks I've been in and out of and the few that I have kept for long term.
I don't really care how widespread or common it is, to me I just interpret it as a sign of weak management. Especially with a deposit as remarkable as what we have got here. There just shouldn't be the need for these carrot on a stick tactics.
People argue that it is only the share price that matters but I'd be a lot more comfortable with any long term investment if I felt like I could trust what the management was telling me whether it was good, bad or neutral.
It just isn't a good feeling to have to read between the lines of the constant bullshit.
The only conclusion one can come to is either of incompetence or dishonesty which is not good when risking your hard earned and particularly with a more risky investment.
I'm sure there is a good element of playing the market in there but I'd put that in the dishonesty camp as well and not strictly necessary if you're running a good solid operation.
It often smacks of mates rates cap raising and various underlying manipulation which goes against the best interests of regular shareholders.
Maybe I'm wrong but these types of feelings are the result of exactly what we're talking about.
Either way stop the bullshit or get a clue and we'll all be better off. imo.
AlpineLife
Member
So de-de risked today! that must of been one hell of a convincing phone call on Saturday between Felix & Chinese money. Exciting times next few weeks for us LTH.
TheCount
Regular
Partners to the end!Dont forget we are business partners with regards to the AVZ Brewery
Is that a new label I see as your Avatar?
Just need an address and shiny new 2.5L sample is on it's way, partner. This is the Freedom Ale in recognition of @Freehold's wise words. A sample will be on it's way to @FrankMe shortly too..
ML Bitter is under construction and will be a few weeks away.
Cheers,
TC.
Remark
Top 20
Great announcement today Frank. It looks like the mining licence is pretty much a given.WINNERS
AVZ AVZ Minerals Ltd 15% 18,946,753 0.84 $2,520,006,048.40
Lithium project developer AVZ Minerals says the completion of a $US240m cornerstone investment from CATH Technologies will be “expedited”.
It expects the deal to be finalised during March.
View attachment 1116
Lithium supply crunch Part II – this time it’s for real
The lithium supply crunch has arrived in full force.
The price boom of 2016-2017, it’s now clear, was just the dry run.
This is the real deal.
The seeds of today’s lithium boom were sown five years ago, when prices rose to what were then record highs as producers failed to anticipate the demand wave emanating from China’s subsidy-driven roll-out of EVs.
The collective supply response, particularly from hard-rock spodumene producers in Australia, then proved far too strong, leading to the price bust of 2018-2020.
New mines were mothballed, expansion projects were deferred and explorers left to seek their mineral fortunes elsewhere, hollowing out the new project pipeline.
In classic commodity cycle style, this has left producers ill-prepared to meet the current even stronger demand surge. The resulting shortfall of units is fuelling lithium’s white-hot rally.
A record 25,921 tonnes of lithium carbonate equivalent (LCE) were deployed onto roads in new passenger vehicles globally in December 2021, according to Adamas Intelligence.
That was up 68% on December 2020 and a 31% month-on-month jump.
Lithium’s exponential usage curve simply mirrors the equally fast rise in global sales of vehicles using lithium-ion batteries.
Chinese sales of new energy vehicles (NEV) rose by 157.5% to 3.52 million units in 2021, a shining stand-out within a moribund domestic automotive sector.
The launch of cheaper vehicles using a form of battery that doesn’t include nickel or cobalt – lithium iron phosphate (LFP) – is accentuating tightness in the market for carbonate feedstock, manifest in a rare price premium for carbonate over lithium hydroxide.
The EV revolution is now spreading to Europe, where NEV sales grew strongly last year even while petrol and diesel sales contracted.
New registrations of plug-in hybrid vehicles jumped by 71% and pure battery vehicles by 63% in 2021 relative to 2020, according to the European Automobile Manufacturers’ Association (ACEA).
The pace of growth is still accelerating as the European Union channels recovery funds down green transition channels.
Alternatively-powered vehicles accounted for almost half (47.8%) of the EU car market from October to December 2021, with over a million units registered in total, ACEA said.
As Chinese battery-makers are discovering to their cost this year, you can play around with the metallic cathode mix as much as you want, but you’ll still need lithium.
And the current demand call is greater even than that implied by explosive EV sales.
A new industrial sector is taking shape to make the batteries to go in the vehicles. The number of gigafactories – huge assembly plants with output measured in giga, or billions, of watt-hours – is proliferating.
Each needs to build up working stock before the first power is switched on, translating into a huge but largely hidden call on lithium.
Deficit today, deficit tomorrow?
The price explosion tells you that supply is simply not there to feed this demand surge.
Fastmarkets analyst Will Adams pegs the likely shortfall this year at around 60,000 tonnes of lithium carbonate equivalent (LCE), stressing that’s based on apparent demand, which allows for stock building.
Specialist consultancy Benchmark Mineral Intelligence thinks it will be smaller at 26,000 tonnes, while Citi is somewhere in the middle with a forecast 36,000-tonne gap (“Lithium outlook,” Feb. 9, 2022).
Such scarcity pricing is already evident in other parts of the metals world, with tin punching out fresh historic price highs against a backdrop of strong demand, persistent supply shortfall and low stocks.
www.mining.com/web/lithium-supply-crunch-part-ii-this-time-its-for-real/
View attachment 1117
Food for thought on the Road to Mining Manono with CAT committed and ML imminent atm
Cheers
Frank
GLTA.
Similar threads
